HW chap 15-5

3001 billion newlev elofproduc ers urplus 084001

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Unformatted text preview: ur answers to 2 decimal places. http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie wSingle 1/3 1/19/2014 Assignme nt Pr int Vie w New lev el of c ons umer s urplus Am ount ($) 9.3 ± 0.01 billion New lev el of produc er s urplus 0.84 ± 0.01 billion Cos t of the s ubs idy to gov ernment 3.92 ± 0.01 billion New lev el of aggregate s urplus 6.22 ± 0.01 billion Deadweight los s 1.01 ± 0.01 billion Explanation: In Problem 15.1, the equilibrium price, quantity, CS, and PS were calculated. P = $0.72. Q = 4 billion bushels. CS =...
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